If the Quantity Supplied and the Price Change by the Same

question 40

Multiple Choice

If the quantity supplied and the price change by the same percentage, then supply is

• A) elastic.
• B) perfectly inelastic.
• C) unit elastic.
• D) perfectly elastic.
• E) inelastic.

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Definitions:

Respiration

The process by which living organisms inhale oxygen from the environment and exhale carbon dioxide as a waste product, essential for life.

Mechanical Movement

The movement or motion induced by a machine or mechanical process.

Diffusion

The process by which molecules move from an area of higher concentration to an area of lower concentration until equilibrium is achieved.

Perfusion

The process of delivering blood to the capillary bed in the biological tissue.